Newell Brands (NYSE:NWL) Price Target Cut to $16.00

Newell Brands (NYSE:NWL) had its price objective dropped by investment analysts at Deutsche Bank from $18.00 to $16.00 in a research report issued to clients and investors on Monday, BenzingaRatingsTable reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank’s price target would suggest a potential upside of 7.31% from the stock’s current price.

Other research analysts also recently issued reports about the company. Zacks Investment Research raised Newell Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. Wells Fargo & Co reaffirmed a “buy” rating on shares of Newell Brands in a research note on Wednesday, July 31st. Finally, Consumer Edge started coverage on Newell Brands in a research note on Wednesday, July 3rd. They set a “hold” rating on the stock. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $20.30.

NWL stock traded down $0.43 during trading on Monday, reaching $14.91. 1,828,453 shares of the stock were exchanged, compared to its average volume of 6,116,618. The business’s 50 day simple moving average is $14.83. Newell Brands has a twelve month low of $13.04 and a twelve month high of $27.04. The company has a current ratio of 2.98, a quick ratio of 2.53 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 5.42, a P/E/G ratio of 3.82 and a beta of 0.90.

Newell Brands (NYSE:NWL) last posted its quarterly earnings results on Friday, August 2nd. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. Newell Brands had a positive return on equity of 9.55% and a negative net margin of 46.92%. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the prior year, the business earned $0.82 EPS. As a group, sell-side analysts predict that Newell Brands will post 1.22 EPS for the current year.

Institutional investors have recently modified their holdings of the company. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of Newell Brands by 20.0% during the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 12,000 shares of the company’s stock valued at $185,000 after acquiring an additional 2,000 shares during the last quarter. Gabelli Funds LLC increased its position in shares of Newell Brands by 19.0% during the second quarter. Gabelli Funds LLC now owns 525,000 shares of the company’s stock valued at $8,096,000 after acquiring an additional 84,000 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of Newell Brands by 12.5% during the second quarter. Gamco Investors INC. ET AL now owns 324,000 shares of the company’s stock valued at $4,996,000 after acquiring an additional 36,000 shares during the last quarter. Chicago Equity Partners LLC purchased a new stake in shares of Newell Brands during the second quarter valued at approximately $1,320,000. Finally, Financial Sense Advisors Inc. increased its position in shares of Newell Brands by 14.7% during the second quarter. Financial Sense Advisors Inc. now owns 140,650 shares of the company’s stock valued at $2,169,000 after acquiring an additional 18,050 shares during the last quarter. 98.42% of the stock is owned by hedge funds and other institutional investors.

Newell Brands Company Profile

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.

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Analyst Recommendations for Newell Brands (NYSE:NWL)

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